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Barakanye Ontiretse is a seasoned finance professional with extensive experience in treasury, process improvement, training, financial accounting, cost accounting, and auditing. He has held various roles in BCL Limited, including Superintendant Metal Sales, Business Analyst, Six Sigma Practitioner, Cost and Management Accountant, and Financial Accountant.

Experience

    • Mining
    • 700 & Above Employee
    • Superintendant Metal Sales
      • Jan 2010 - Oct 2016

       Manage metal sales accounting and profitability  Treasury function (Financial deals – fixed deposits and foreign currency deals) (IT)Systems accounting function – including managing access rights to the system, placing and authorization of orders etc. Cash flow management and reporting Manage sale process for matte (final product):o Transportation arrangements o Clearance at department of customs and exerciseo Shipping bookings, payments etco Monitoring contractual agreements and adherence  Cost reduction and cost management: o member of the Tender Board Committeeo Controls the allocation of authorization codes – for various departments’ spendingo Reviews “applications to spend” documents, check budget allocation and necessity to spend and authorizes spending.o Liaison with other departments regarding customer satisfaction and cost management strategies. Administrative duties:o Metal sales reports to various stakeholders. o Statutory returns and reports o Authorization of paymentso Departmental budget and other revenue functions. Supervise 2 departments o Cash office o Metal sales Ad-hoc process improvement assignments and projects People development Manage sectional safety

    • Business Analyst
      • May 2009 - Dec 2009

       Drive company’s cost reduction strategy from finance perspective Cost Management and control function Mine wide training on cost management  Providing business analysis service to process improvement teams. Analysing business performance and identifying areas of improvement. Attend to ad-hoc requirements and assignments to do projects.  Liaise with external auditors in interim and final audit Administrative duties Departmental budget Manage sectional safety

    • Six Sigma Practitioner
      • May 2007 - Apr 2009

       Driving the “Cost reduction” company strategy Systematic problem solving using Six Sigma Methodology (Define, Measure, Analyse, Improve, Control) Doing Six Sigma projects (projects aimed at identifying problem areas, root causes and solving them) Driving change through:o Facilitation of strategy and planning sessions o Induction of new employeeso Orientation of the general employees on Business Improvement change initiatives. Assist management select improvement projects and solve problems.  Assisting departments with Shop floor operating and improvement methodology for continuous improvement focus. Liaise with auditors for auditing of financial benefits from completed projects Manage sectional safety

    • Cost and Management Accountant
      • Aug 2006 - May 2007

       Generation of Cost report (Total costs of 100 million per month) Manage departmental costs Manage Utilities for 2200 Residential customers (employees) plus Business customers (Departments, Contractors and Consultants). (18 million- Power and 1.1 million – Water per month) Oversee and authorize the processing of usage, allocation of costs, processing subsidies and recovering from the residential and business customers. Handling customer queries Assist the departmental heads to manage their costs Preparation of Budget Maintenance and Reconciliation of external and internal debtors Review payments and general ledger reconciliations  Administrative duties. People development Manage sectional safety

    • Financial Acountant
      • Mar 2002 - Jul 2006

       Preparation of Monthly Management Accounts Preparation of Annual Financial Statements Preparation of Statutory returns (Tax return, Statistical returns) Drawing up Annual Financial budget / Forecast Monitor and control expenditure within Finance department Assist in drawing up departmental plans Review General ledger reconciliations  Maintaining Long term loan spreadsheet  Review travel claims  Authorise payments People development Liaise with external auditors in interim and final audit Manage sectional safety

Education

  • 2011 - 2011
    University of Stellenbosch
    Management Development Programme (MDP)
  • 2008 - 2008
    Maccauvlei, South Africa
    Certificate in OD ETDP HE(Occupation Directed - Educational Training and Development Practitioner -
  • 2006 - 2006
    Snowden , Australia
    Six Sigma Black Belt
  • 2004 - 2004
    Maccauvlei Learning Academy, South Africa
    IMDP - Intermediate Management Development Programme
  • 1996 - 2000
    University of Botswana
    BAcc, Finance and Accounting

Suggested Services

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Industry Focus. “Mining”

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